NEOM Green Hydrogen Co. announces leadership change with new CEO

NEOM Green Hydrogen Co. announces leadership change with new CEO

RIYADH: Modern technology is revolutionizing aviation and space exploration at a remarkable pace as companies today are profiting from already solid infrastructure to move onto the next frontier covering space agriculture, manufacturing, and more.

Citigroup analysts recently predicted that by 2040, the space industry will amass an annual revenue of $1 trillion, alongside a 95 percent reduction in launch costs.

One of the fundamental drivers behind the projected surge in the space industry is the recognition that resources in space are not only beneficial but necessary to solve world problems.

Speaking at Riyadh’s Future Investment Initiative forum, a number of side panels took place, that emphasized that space offers a solution to many Earthly problems by providing access to a plethora of valuable resources.

Barbara Belvisi, founder and CEO of Interstellar Lab, stressed that with the Earth’s population continuously growing and the challenges of climate change affecting traditional farming, space-based agriculture offers a promising solution.

By creating closed-loop ecosystems in space habitats, such as the O’Neill cylinder, Interstellar Labs aims to produce food efficiently and sustainably, reducing the pressure on Earth’s resources. The success of projects like these will not only secure our future food supply but also pave the way for a new era